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Author Topic: will humanity stop using cash  (Read 3995 times)
GabrielKiara
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October 10, 2018, 06:37:46 PM
 #161

I don't think so, cash is still the main payment for people. Even when it can be changed into card transaction or peer to peer through the phone or crypto, but I think cash is still more widely used by most users. Even yeah with digital payment or transaction like what i said before is give a lot of benefits. Like there is a track record for transaction. But people still choose for have a cash for transaction, it's like they afraid to believe that they don't have a cash if they used digital currencies. So, i think it's impossible for humanity to stop using cash.
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October 10, 2018, 06:40:12 PM
 #162

I have a vivid discussion with my friends lately. They say that one day people will forget what cash is and they will start use card only. Then the era of the changed and innovated cryptocurrency world comes, and we will stop using money and switch on crypto coins only. They say it might take twenty or thirty years, maybe longer, but it is a sure thing to happen, they have no doubts about it. I am not so sure... well, people might give up using cash as it is not that convenient, but giving up money as whole? I really really doubt it, it seems so impossible for me. What do you think? Maybe we will start using something brand new, neither cash nor cards? What is the future of the cryptocurrency world, anyway? Will it die in fifty, sixty years or it is going to be a thing that will live forever? Let's dream for a while Smiley

For sure cryptocurrencies are the future of financial system. The only question is how long will it take for this market to evolve into something big like cash and cards supplement. I hope that it won't take too long because I'd like to see my crypto portfolio become a fortune))

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October 10, 2018, 06:57:00 PM
 #163

I don't think so, cash is still the main payment for people. Even when it can be changed into card transaction or peer to peer through the phone or crypto, but I think cash is still more widely used by most users. Even yeah with digital payment or transaction like what i said before is give a lot of benefits. Like there is a track record for transaction. But people still choose for have a cash for transaction, it's like they afraid to believe that they don't have a cash if they used digital currencies. So, i think it's impossible for humanity to stop using cash.
because really the ease of handling real money makes paper money just not replaceable. Honestly, I can hardly imagine how my elderly parents or My small children can use cryptocurrency as a means of payment.
GabrielKiara
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October 10, 2018, 07:07:50 PM
 #164

I don't think so, cash is still the main payment for people. Even when it can be changed into card transaction or peer to peer through the phone or crypto, but I think cash is still more widely used by most users. Even yeah with digital payment or transaction like what i said before is give a lot of benefits. Like there is a track record for transaction. But people still choose for have a cash for transaction, it's like they afraid to believe that they don't have a cash if they used digital currencies. So, i think it's impossible for humanity to stop using cash.
because really the ease of handling real money makes paper money just not replaceable. Honestly, I can hardly imagine how my elderly parents or My small children can use cryptocurrency as a means of payment.
Yup, you're right. And i think that's the point, paper money is easy to use for everyone even for an old men or a kids as a payment.
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October 10, 2018, 07:16:53 PM
 #165

The day when we humans no longer need money, may eventually come, but that will take a very, very, very long time until it happens. I think in the next 400 to 500 years something like that will not be an issue.
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October 10, 2018, 07:20:43 PM
 #166

Soon. We will stop using cash. Money has evolved over the years. From trade by barter to gold and then coins till we have cash today. I strongly believe that cards and chips will replace cash in future. All you'll need is your pin to verify transactions. If this happens it will greatly involve the use of blockchain and cryptocurrency in general
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October 10, 2018, 07:24:14 PM
 #167

I think that cash will not be abandoned, given that there are people around us who do not understand technology. besides that there are still some areas that do not have internet networks.

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October 10, 2018, 07:25:00 PM
 #168

What will we use to replace for cash? Cryptocurrency? I don't know but at first if we wanna use cryptocurrency to replace cash, we need to wait unti cryptocurrency legalized worldwide first and this process will take really long time for sure. IMO, I think cryptocurrency is the only thing can replace cash in the future.

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October 10, 2018, 07:29:57 PM
 #169

World will never losses cash,this will be with us forever since electronic money cant stand without internet

Imagine when the system collapsed and not available for weeks,what will happen to the worlds transactions?Paper money will the the back up on cryptocurrency when time comes that the adaption will be worldwide

Yes, such an outcome is quite real, and it is unlikely that the world will be able to ensure such a degree of electronic security that everything works without interruptions and the possibility of sabotage.

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October 10, 2018, 07:34:15 PM
 #170

I think that cash will soon be not relevant . At the moment digital payments urgent cash. I believe that in the near future the primary means of payment will be cryptocurrency.
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October 10, 2018, 07:40:12 PM
 #171

Do you know which currency is the most anonymous? No, this is not a cryptocurrency. And not a dollar. And not any other. This is money, paper. They will not disappear.
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October 10, 2018, 07:43:15 PM
 #172

Cash will always be in existence despite widespread or mass adoption of any other form of payment.
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October 10, 2018, 08:13:53 PM
 #173

World will never losses cash,this will be with us forever since electronic money cant stand without internet

Imagine when the system collapsed and not available for weeks,what will happen to the worlds transactions?Paper money will the the back up on cryptocurrency when time comes that the adaption will be worldwide

The internet is not going to be switched off, too much of the worlds services
depend on it, economics, trade and communications.

Here in europe cash is being phased out and not everyone is aware of the
consequences of the move. How is it being phased out? Plastic and online.

Currently cash is useless for me because I pay all my household bills via
the internet through my bank account, I buy fuel for my car at an unmanned
service station (card only). I can pay for anything under €30 with my card
without inputting a pin number. If someone gives me a large amount of
cash i need to go to my bank branch and lodge it to my account.

Cash is on the way out, it will take time but its happening.

R


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October 11, 2018, 12:26:18 AM
 #174

By and large, people can opt out of fiat money. But how to do it? The best way is to tie mobile phones to their e-wallets. And also to introduce universal acceptance of payment services via online services that will accept cryptocurrencies. At this stage it turns out you need to give everyone the opportunity to buy a smartphone. Then you need to coordinate with all types of business accepting payment for cryptocurrency. Yes, it is now difficult to implement but it will have to be done.Based on my text, it can be concluded that the rejection of fiat money and the transition to cryptocurrency is completely (if desired) a workable task.
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October 11, 2018, 03:32:21 AM
 #175

I don't think so, cash is still the main payment for people. Even when it can be changed into card transaction or peer to peer through the phone or crypto, but I think cash is still more widely used by most users. Even yeah with digital payment or transaction like what i said before is give a lot of benefits. Like there is a track record for transaction. But people still choose for have a cash for transaction, it's like they afraid to believe that they don't have a cash if they used digital currencies. So, i think it's impossible for humanity to stop using cash.
because really the ease of handling real money makes paper money just not replaceable. Honestly, I can hardly imagine how my elderly parents or My small children can use cryptocurrency as a means of payment.
Yup, you're right. And i think that's the point, paper money is easy to use for everyone even for an old men or a kids as a payment.
That can only be applied in our real life but what will be happening if all of the future will be related with the technology? remember about a lot of countries are creating so many advertisement for ordinary person to use the digital cash instead of the real money. This another point that need to be discussed by everyone in here.

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October 11, 2018, 05:11:11 AM
 #176

amid the growing advances in existing technologies certainly, make cash look has a lot of flaws. This look is not practical for a situation that there are certainly many will prefer to crypto as an option. clear crypto only judged more practical and even safe enough in its use. whether this will continue to be live in the next few years? Obviously Yes. many technologies and demand that supports it and will certainly effect conferring good for crypto growth until the next few years.
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October 11, 2018, 05:13:04 AM
 #177

Its clear that someday the people will stop using cash money and will pay everything on electronic devices. The question is just when? When you look today, there are a lot of people who pay everyday with credit card and other electronic payment method. And it comes everyday more. So the cash fiat money will someday dissappear. But if it will be replaced by cryptocurrencies, that is the big question!
ronafurw
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October 11, 2018, 07:47:12 AM
 #178

I look forward to a future where humanity does not use cash. I think China is a pioneer country does not use cash. I read an article, beggar in China also use electronic payment system.
Yeah you are right and if we think about it, it is safe, useful and easy for them. The rest of the world is going on that way and I am sure in the future people will use only digital currency. From barter system we reached to credit cards, now from credits and debit cards we are proceeding towards digital currency. There is still long time to go for cashless world but it is confirmed and we will see it.
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October 11, 2018, 07:49:57 AM
 #179

It is clear that we will not use cash anymore in the future because of its inconvenience. We will use digital money or cryptocurrency in the future for convenience and synchronion with digital life.
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October 11, 2018, 08:11:52 AM
 #180

since currency keep evolving throughout the times, i think its possible humanity will change the current currency (cash) into something new

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